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Nov 2, 2012
11/12
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corporate america has pledged over $50 million. the big bank is offering $5 million in loans to affected small businesses and donating to the american red cross. other household names giving include coca-cola, delta airlines, disney, home depot, lowe's, the nfl and target. from fuel to cash to communications. verizon communications warned today hurricane sandy could wreak havoc on its fourth quarter earnings. the wireless, phone and internet provider took on major damage in the storm. four of its facilities in new york flooded. as sylvia hall reports, verizon's warning is a sign of the damage felt by the tele- communications industry. >> reporter: just like with other telecom companies, verizon employees are working hard to restore service to the northeast. but it's not easy when they're also pumping water out of the basements of their flooded new york facilities, which are running on generator power. the company announced today that sandy's aftermath will likely extend to fourth quarter earnings. analysts say the entire industry c
corporate america has pledged over $50 million. the big bank is offering $5 million in loans to affected small businesses and donating to the american red cross. other household names giving include coca-cola, delta airlines, disney, home depot, lowe's, the nfl and target. from fuel to cash to communications. verizon communications warned today hurricane sandy could wreak havoc on its fourth quarter earnings. the wireless, phone and internet provider took on major damage in the storm. four of...
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Nov 2, 2012
11/12
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of hyundai motor america. he had, wod at ford several years ago in product development, there for 14 years. sow does know the company and that is one name that has kind of bubbled to the surface. >> tom: it's still more than a year before malaly is expected to leave ford so what is the company looking for in this audition period for the new number two? >> well, on a conference call today with analysts and reports bill ford didn't say anything about any kind of metrics that he is looking for. i think the company is pretty much looking for him to stay the course, keep things going on an even keel and if he can do that, the job will likely be his. >> tom: what about europe? how much weighs on europe? it continues to drag down global earnings for ford but also general motors. so what needs to be done there? >> you know, tom, europe is a problem for ford and general motors both. ford has done-- has taken some steps, closed a few plants. that should be completed through 2014, about the time when mall alley is going
of hyundai motor america. he had, wod at ford several years ago in product development, there for 14 years. sow does know the company and that is one name that has kind of bubbled to the surface. >> tom: it's still more than a year before malaly is expected to leave ford so what is the company looking for in this audition period for the new number two? >> well, on a conference call today with analysts and reports bill ford didn't say anything about any kind of metrics that he is...
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Nov 1, 2012
11/12
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KQEH
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returned to profitability in south america and china profit jumped 10%. shares jumped 9.5% as volume tripled. g.m. hopes to stop losing money in europe by the middle of the decade. yesterday, ford told us it expects its european business to begin turning around in about a year. today, ford shares were also on the move after its strong0 earnings report during the market closure. ford rallied 8.2%. over $11 per share for the first time since may. some merger action in the clothes and fashion industry hit the tape with p.v.h. buying warnaco group, that's the company licensing lvin kleinle speedo and other brands. warnco stock shot up almost 39%. the deal totals $2.8 billion in cash and stock. the buyer, p.v.h., rose 20% as a big sign of market confidence in the deal. and u.s. vitamin maker schiff nutrition has agreed to be bought by bayer, pushing schiff stock up 46%. the five most actively traded exchange traded products were mixed. the volatility note saw thee biggest gain, up 2 and that's tonight's "market cus."fos. >> susie: a warning tonht from the u.s.
returned to profitability in south america and china profit jumped 10%. shares jumped 9.5% as volume tripled. g.m. hopes to stop losing money in europe by the middle of the decade. yesterday, ford told us it expects its european business to begin turning around in about a year. today, ford shares were also on the move after its strong0 earnings report during the market closure. ford rallied 8.2%. over $11 per share for the first time since may. some merger action in the clothes and fashion...
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Nov 9, 2012
11/12
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KRCB
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." >> reporter: stuller says investors are nervous because they're scared about america's fiscal cliff, as well as europe's financial crisis. but market pros say, seasonally, this is a great time to wade back in. >> november, december, january is the best three-month period in the stock market. these are your best gains, historically. so if we don't see investors' demand coming in soon, when's it going to happen? >> reporter: others say it's going to happen when investors get the message about the importance of equities in their portfolio. >> to get them back into the market over the next 12 to 24 months, we think lots of educati, but from different kinds of people-- you're advisor, if you have one. if you don't have an advisor, it would be good to hear that message from your employer. >> reporter: financial planners believe once the fiscal cliff problem is solved, we'll probably get a relief rally in the stock market. they predict that run-up will be a magnet for reluctant retail investors. suzanne pratt, nbr, new york. >> tom: to learn more about investors and presidential elections,
." >> reporter: stuller says investors are nervous because they're scared about america's fiscal cliff, as well as europe's financial crisis. but market pros say, seasonally, this is a great time to wade back in. >> november, december, january is the best three-month period in the stock market. these are your best gains, historically. so if we don't see investors' demand coming in soon, when's it going to happen? >> reporter: others say it's going to happen when investors...
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Nov 24, 2012
11/12
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their expertise but they have to figure out the details and we need to resolve this subject and give america confidence that our political leaders can work together and i honestly believe that that will happen. >> reporter: when you reported third quarter results earlier this month you said you didn't have enough clarity on the impact of superstorm sandy. do you have more clarity now? >> i do have clarity on sandy and frankly it's devastating. particularly on individuals. we had 200 of our stores closed for the first three days of the november period and then many more were closed after that because we didn't have power. we definitely were impacted in a major way at our company. >> reporter: for the current quarter you expect to fall short of wall street forecasts by at least five cents. are you still comfortable with those expectations? >> we try to guide honestly and if we're able to exceed that number that's always good news. but we try to guide where we believe we're going to be so we're confident with our forecasts. >> reporter: terry thank you so much. >> thanks ruben. >> tom: while ma
their expertise but they have to figure out the details and we need to resolve this subject and give america confidence that our political leaders can work together and i honestly believe that that will happen. >> reporter: when you reported third quarter results earlier this month you said you didn't have enough clarity on the impact of superstorm sandy. do you have more clarity now? >> i do have clarity on sandy and frankly it's devastating. particularly on individuals. we had 200...
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Nov 13, 2012
11/12
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to me, america post-election feels a lot like the middle of groundhog day. same president; same parties controlling congress; same leaders of congress likely to emerge. and, the same problem confronting the nation: yet another fiscal cliff. everyone knows the damage that falling over the fiscal cliff may bring: further policy gridlock, a sudden recession, and an unknowably bad shock to worldwide demand for u.s. debt. to avoid this fiscal damage, america today needs some people to step up and show the leadership of bill murray. to acknowledge that the country needs some mix of spending restraint and tax-revenue increases while both stimulating growth and protecting the vulnerable. and, to do all this with the necessary imagination. both parties have acknowledged the need for fundamental corporate-tax reform. who will lead the charge on cutting americas business taxes- but linked to reducing high-end tax expenditures to not further aggravate our deficits? here is hoping that in the coming days, americas fiscal life can imitate bill murray's art. i'm matt slaug
to me, america post-election feels a lot like the middle of groundhog day. same president; same parties controlling congress; same leaders of congress likely to emerge. and, the same problem confronting the nation: yet another fiscal cliff. everyone knows the damage that falling over the fiscal cliff may bring: further policy gridlock, a sudden recession, and an unknowably bad shock to worldwide demand for u.s. debt. to avoid this fiscal damage, america today needs some people to step up and...
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Nov 13, 2012
11/12
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WETA
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and bank of america. it all leads up to friday when the president sits down with congressional leaders at the white house to begin the real negotiations, and both sides enter those talks claiming a mandate to protect the principals the voters endorsed at the ballot box. >> darren gersh is with us tonight from our washington, d.c. bureau, where a week after election day here. was there any progress made by the staffs of the political players during the campaign season? where do we stand? >> the staff is always looking at this as a giant chess game and trying to figure out how they can give their bosses their best move, so the staff have been working. we had a lot of commissions and a lot of efforts to try to solve the budget problems. there is a lot of work done behind the scenes and on paper. a deal could come together pretty quickly. the problem is the principals, the leaders, the people who were elected, they have to come back and decide what they're going to do. they're talking about getting an agreeme
and bank of america. it all leads up to friday when the president sits down with congressional leaders at the white house to begin the real negotiations, and both sides enter those talks claiming a mandate to protect the principals the voters endorsed at the ballot box. >> darren gersh is with us tonight from our washington, d.c. bureau, where a week after election day here. was there any progress made by the staffs of the political players during the campaign season? where do we stand?...
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Nov 8, 2012
11/12
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big banking stocks, bank of america and j.p. morgan, were the top losers among dow jones industrial stocks. bank of america saw heavy selling, down 7.1%. volume was very heavy with more than 285 million shares. j.p. morgan dropped 5.6% on more than double its usual volume. within the broader financial sector, investment bank morgan stanley led the losers, falling 8.6%. this is a six week low. analysts point to the threat of financial regulation, europe and the fiscal cliff for areas of concern for the financial industry. in energy, it was coal stocks driving the selling. coal shares had staged a small rally in recent weeks, showing some optimism regarding mitt romney's presidential campaign. but with president obama's re- election, coal companies sold off. arch coal was down 12.5%. alpha natural resources dropped 12.2%. peabody energy shed 9.6%. the industry may see more clean air regulations in president obama's second term, hurting demand. healthcare was also in focus today after the election. and among the winners: hospital s
big banking stocks, bank of america and j.p. morgan, were the top losers among dow jones industrial stocks. bank of america saw heavy selling, down 7.1%. volume was very heavy with more than 285 million shares. j.p. morgan dropped 5.6% on more than double its usual volume. within the broader financial sector, investment bank morgan stanley led the losers, falling 8.6%. this is a six week low. analysts point to the threat of financial regulation, europe and the fiscal cliff for areas of concern...
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Nov 30, 2012
11/12
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a political price be paid in order for congress to do its job, to ensure that the united states of america pays its bills and does not default for the first time in its history, is deeply irresponsible. >> reporter: at least talks are going on. the speaker and the president spoke by phone for almost half an hour last night. but a first negotiating round between treasury secretary timothy geithner and congressional leaders did nothing to improve the tone on capitol hill. democrats said the ball was in the speaker's court. >> we're saying, extend the tax cuts for the middle class as part of that. we know if we do nothing, the top rates go up. we're waiting for the republicans to come forward with something. that's our proposal, period. >> reporter: no one in washington ever thought negotiations to get past the fiscal cliff would be easy. now, more and more are talking about a rerun of what happened with the tarp bailout bill. first, congress may have to deadlock and go over the cliff, and then count on a falling market and an angry public to force action. >> it's what's euphemistically being
a political price be paid in order for congress to do its job, to ensure that the united states of america pays its bills and does not default for the first time in its history, is deeply irresponsible. >> reporter: at least talks are going on. the speaker and the president spoke by phone for almost half an hour last night. but a first negotiating round between treasury secretary timothy geithner and congressional leaders did nothing to improve the tone on capitol hill. democrats said the...
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Nov 8, 2012
11/12
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KRCB
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there is the hope the still divided congress will work together with a reinvigorated president to solve america's fiscal problems. and some predict that spirit of cooperation will help lift stocks higher again. >> what i encourage investors to realize however is that an agreement at some point in time is more likely than not and as a result of that you're probably going to see a relief on the other end, the last thing you want to do right now is time the market. >> reporter: here's one hopeful tidbit that might have been lost in all the recent political rhetoric. the stock market is far better off today than it was four years ago. in fact the dow gaining about 60% since president obama's took office in january 2009. suzanne pratt, "n.b.r.," new york. >> susie: in washington today, a lot of talk about e need to get an agreement on the fiscal cliff, and to reach a bi- partisan solution. but as darren gersh reports, both sides are still trying to figure out the message of the election, and may be reluctant to compromise for now. >> reporter: the voters have spoken and house speaker john boehner says
there is the hope the still divided congress will work together with a reinvigorated president to solve america's fiscal problems. and some predict that spirit of cooperation will help lift stocks higher again. >> what i encourage investors to realize however is that an agreement at some point in time is more likely than not and as a result of that you're probably going to see a relief on the other end, the last thing you want to do right now is time the market. >> reporter: here's...